diff --git a/bzlmod/workspace/Package.resolved b/bzlmod/workspace/Package.resolved
index f952ff47e..2fd55617b 100644
--- a/bzlmod/workspace/Package.resolved
+++ b/bzlmod/workspace/Package.resolved
@@ -5,8 +5,8 @@
       "kind" : "remoteSourceControl",
       "location" : "https://github.com/apple/swift-argument-parser",
       "state" : {
-        "revision" : "c8ed701b513cf5177118a175d85fbbbcd707ab41",
-        "version" : "1.3.0"
+        "revision" : "46989693916f56d1186bd59ac15124caef896560",
+        "version" : "1.3.1"
       }
     },
     {
diff --git a/bzlmod/workspace/Package.swift b/bzlmod/workspace/Package.swift
index 0e94e6d2e..191bdc02d 100644
--- a/bzlmod/workspace/Package.swift
+++ b/bzlmod/workspace/Package.swift
@@ -8,7 +8,7 @@ let package = Package(
         .executable(name: "my-executable", targets: ["MyExecutable"]),
     ],
     dependencies: [
-        .package(url: "https://github.com/apple/swift-argument-parser", from: "1.3.0"),
+        .package(url: "https://github.com/apple/swift-argument-parser", from: "1.3.1"),
         .package(url: "https://github.com/apple/swift-log", from: "1.5.4"),
     ],
     targets: [
diff --git a/bzlmod/workspace/swift_deps_index.json b/bzlmod/workspace/swift_deps_index.json
index b5c605491..8bc34a111 100644
--- a/bzlmod/workspace/swift_deps_index.json
+++ b/bzlmod/workspace/swift_deps_index.json
@@ -82,9 +82,9 @@
       "name": "swiftpkg_swift_argument_parser",
       "identity": "swift-argument-parser",
       "remote": {
-        "commit": "c8ed701b513cf5177118a175d85fbbbcd707ab41",
+        "commit": "46989693916f56d1186bd59ac15124caef896560",
         "remote": "https://github.com/apple/swift-argument-parser",
-        "version": "1.3.0"
+        "version": "1.3.1"
       }
     },
     {
diff --git a/examples/pkg_manifest_minimal/Package.swift b/examples/pkg_manifest_minimal/Package.swift
index 9d5a232c1..9163727b8 100644
--- a/examples/pkg_manifest_minimal/Package.swift
+++ b/examples/pkg_manifest_minimal/Package.swift
@@ -5,7 +5,7 @@ import PackageDescription
 let package = Package(
     name: "MySwiftPackage",
     dependencies: [
-        .package(url: "https://github.com/apple/swift-argument-parser", from: "1.3.0"),
+        .package(url: "https://github.com/apple/swift-argument-parser", from: "1.3.1"),
         .package(url: "https://github.com/apple/swift-log", from: "1.5.4"),
         .package(url: "https://github.com/nicklockwood/SwiftFormat", from: "0.53.5"),
         .package(path: "third_party/my_local_package"),